Armada Oil Inc (fka AOILQ)

[biztech]

I think the details will come shortly. I see this as a huge success. One it establishes them as more than just a risky play now they have found real data and will be pumping out some oil they already have. May not be much but hopefully it gives them something to work with. They have significant data (according to release) that gives them an indication of multiple zones they can hit with high probability. That means they can branch out horizontally at different depths and extract.

It is costly, and maybe after we know how much is flowing and their financing plan going forward we can get a clue. I'm thinking the same people that funded the Gulfstar will likely throw some cash at this project for a share of the money.

Either case, Armada needs to fund through debt or equity and go at it alone fast to generate big returns...